PV wholesales surge 26.2% to 4.44 lakh units in May; Maruti, Tata lead with 40%+ jumps
Indian passenger vehicle dispatches hit 4,44,394 units in May, up 26.2% YoY. Maruti Suzuki shipped 1,90,337 (+40%) and Tata Motors 59,090 (+42.2%), with M&M, Kia and Hyundai also gaining. SUV demand, 55% rural growth and 1.4x CNG bookings amid fuel price hikes powered the rally.
Indian passenger vehicle wholesales grew 26.2% YoY to 4.44 lakh units in May, led by Maruti (+40%) and Tata Motors (+42.2%), driven by SUV demand, 55% rural growth and record CNG bookings amid fuel price hikes.
Why this matters
Reinforces Maruti's record May, with 2.43 lakh monthly sales up 34.76% YoY, while CNG demand offsets its slower EV ramp as Tata and Mahindra accelerate electrification.
Retail-brand signals steady at 842 over 90 days, reflecting sustained PV momentum.